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  • APY Function
  • Major
  • Stable
  • Governance + Seed

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  1. Lending

Interest Rate Model

PreviousCollateral Factor & Reserve FactorNextPrice Oracle

Last updated 3 years ago

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APY Function

Borrow APY

= [1 + Base + Multiplier * min(UtilizationRate, Kink) + max(JumpMultiplier * UtilizationRate - Kink, 0)] ^ 2102400 - 1

Supply APY

= Distribute (Interest Paid by Borrowers Per Block - Reserve) to all suppliers, and convert it into APY

= Distribute [(1 + Borrow APY) ^ (1 / BlocksPerYear) - 1] * Total Borrow * (1 - Reserve Factor) to all suppliers, and convert it into APY

= {[(1 + Borrow APY) ^ (1 / BlocksPerYear) - 1] * Total Borrow * (1 - Reserve Factor) / Total Supply}, and convert it into APY

= {1 + [(1 + Borrow APY) ^ (1/BlocksPerYear) - 1] * Total Borrow * (1 - Reserve Factor) / Total Supply} ^ BlocksPerYear - 1

= {1+[(1+Borrow APY)^(1/BlocksPerYear)-1]*(1-Reserve Factor)*Utilization Rate}^BlocksPerYear-1

BlocksPerYear = 2,102,400 (15 sec per block)

Find other variables in

Major

Parameter
Value

Category

Major

Tokens

ETH

Base

0%

Multiplier

15%

JumpMultiplier

200%

Kink 1

80%

Kink 2

90%

Contract Address

Stable

Parameter
Value

Category

Stable

Tokens

USDC, USDT

Base

0%

Multiplier

18%

JumpMultiplier

800%

Kink 1

80%

Kink 2

90%

Contract Address

Governance + Seed

Parameter
Value

Category

Governance & Seeds

Tokens

Base

0%

Multiplier

20%

JumpMultiplier

500%

Kink 1

70%

Kink 2

80%

Contract Address

0x3FaE5e5722C51cdb5B0afD8c7082e8a6AF336Ee8
0x7ef18d0a9C3Fb1A716FF6c3ED0Edf52a2427F716
0x5Dc3A30d8c5937f1529C3c93507C16d86A17072A
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